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Paul Mampilly And The Things Investors Should Pay Attention To

Paul Mampilly used to be in charge of big name investor portfolios, but now he’s showing small investors how to run their own portfolios. The way he does this is through “Profits Unlimited,” a newsletter that he’s written for Banyan Hill. Mampilly has seen many changes in investing over the years and he’s always willing to offer advice to new investors looking to buy stocks. He told Ideamensch a little about that in an interview.

Mampilly told Ideamensch that sometimes you have to know where you could be wrong in order to do things right. By looking at other people’s points of view, you don’t get too focused in on a narrow investment perspective and can adapt when the market changes. He’s said what you have to look for is automated technology and the “internet of all things” when looking for good stocks to buy. He also said that if he could do something over again, he’d probably not have gone to college and instead have studied up on his own on how to be an investor since he believes it’s pretty simple.

Mampilly’s college education is what brought him to the US from India in 1991. His first two jobs were working odd hours at a gas station and cleaning a cafeteria, the two worst jobs he said he had but that he learned a lot from. Paul Mampilly entered investing when he was hired at Deutsche Bank in the mid 1990s. He went from research assistant to full portfolio manager in a short time, and he served in senior level positions in the coming years at ING, Banker’s Trust and Royal Bank of Scotland.

Mampilly became an established hedge fund manager at Kinetics International Fund in 2006 and soon had the firm’s assets under management at $25 billion. Two years later the Templeton Foundation invited him to their investment competition during which he grew $50 million into $88 million, earning a 76% gain in one year and doing so at the height of the recession. He decided to start “Profits Unlimited” because he wanted to help regular people in a way that big banks and hedge funds didn’t, so he retired from Kinetics International at age 42 and joined Banyan Hill’s writer list. By 2016 “Profits Unlimited” had over 60,000 subscribers. Mampilly has created even more buzz by announcing a 2017 newsletter known as “True Momentum.”